Carnival (NYSE:CCL) had its price target raised by Stifel Nicolaus from $80.00 to $81.00 in a research report sent to investors on Monday. Stifel Nicolaus currently has a buy rating on the stock.
A number of other equities analysts have also recently issued reports on CCL. Morgan Stanley increased their target price on Carnival from $68.00 to $70.00 and gave the stock an equal weight rating in a report on Friday, February 2nd. ValuEngine upgraded Carnival from a hold rating to a buy rating in a report on Friday, February 2nd. Deutsche Bank increased their target price on Carnival to $70.00 and gave the stock a hold rating in a report on Wednesday, December 20th. Buckingham Research reiterated a buy rating and issued a $84.00 target price (up from $80.00) on shares of Carnival in a report on Wednesday, December 20th. Finally, Credit Suisse Group increased their target price on Carnival from $78.10 to $79.50 and gave the stock an outperform rating in a report on Thursday, January 25th. Seven investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Carnival has an average rating of Buy and a consensus price target of $73.90.
Carnival stock opened at $67.06 on Monday. Carnival has a twelve month low of $57.09 and a twelve month high of $72.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.18 and a quick ratio of 0.14. The stock has a market capitalization of $36,126.02, a price-to-earnings ratio of 18.68, a P/E/G ratio of 1.13 and a beta of 0.80.
Carnival (NYSE:CCL) last issued its earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. Carnival had a return on equity of 11.78% and a net margin of 14.88%. The company had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same period last year, the business earned $0.67 EPS. Carnival’s quarterly revenue was up 8.2% compared to the same quarter last year. analysts predict that Carnival will post 4.29 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Thursday, February 22nd. Carnival’s dividend payout ratio (DPR) is presently 22.28%.
In other news, CEO Arnold W. Donald sold 5,000 shares of Carnival stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $66.90, for a total transaction of $334,500.00. Following the sale, the chief executive officer now directly owns 115,572 shares in the company, valued at approximately $7,731,766.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stein Kruse sold 60,665 shares of Carnival stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $66.59, for a total value of $4,039,682.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 333,364 shares of company stock worth $22,422,561. Company insiders own 23.80% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC bought a new stake in shares of Carnival during the 4th quarter worth $123,000. Focused Wealth Management Inc bought a new stake in shares of Carnival during the 4th quarter worth $133,000. Grove Bank & Trust raised its stake in shares of Carnival by 367.8% during the 3rd quarter. Grove Bank & Trust now owns 2,035 shares of the company’s stock worth $131,000 after purchasing an additional 1,600 shares during the period. Avestar Capital LLC bought a new stake in shares of Carnival during the 4th quarter worth $148,000. Finally, Delpha Capital Management LLC bought a new stake in shares of Carnival during the 4th quarter worth $173,000. Institutional investors own 76.72% of the company’s stock.
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Carnival Company Profile
Carnival Corporation is a leisure travel company. The Company is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. The Company operates in four segments: North America, EAA, Cruise Support and, Tour and Other. The Company’s North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess) and Seabourn.
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